New Mexico § 63-2-4 - Power to use highway, air and water transports; limitations

§ 63-2-4. Power to use highway, air and water transports; limitations

Every corporation now or hereafter incorporated under the laws of the state of New

Mexico, or under the laws of any other state and lawfully authorized and admitted

to do business in the state of New Mexico, which is now or may hereafter be authorized

by law to own and/or operate railroads in the state of New Mexico, shall, in addition

to the powers now conferred by the statutes of the state of New Mexico, have power

and authority to engage in the transportation of persons, property and mail by highway

transport, air transport and water transport; provided, that any such corporation

so engaged in the transportation of persons, property and mail by highway transport,

air transport and water transport, shall, in the exercise of any and all of such rights

and powers, be subject to all lawful regulations and requirements as are now or may

hereafter be prescribed by the statutes of the state of New Mexico relating to certificates

of convenience and necessity, permits, registration and public regulations governing

the operation of like transportation service and facilities by any person or corporation;

and, provided further, than any such corporation organized under the laws of the state

of New Mexico for the purpose of owning and/or operating railroads, may exercise in

any other state any power hereby granted only in conformity with and to the extent

permitted by the laws of such other state.